Nonlinear Aggregate Investment Dynamics: Theory and Evidence
收藏NBER1998-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w6420
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资源简介：
In this paper we derive a model of aggregate investment that builds from the lumpy microeconomic behavior of firms facing stochastic fixed adjustment costs. Instead of the standard sharp (S,s) bands, firms' adjustment policies take the form of a probability of adjustment (adjustment hazard) that
提供机构：
美国国家经济研究局
创建时间：
1998-02-01
